Stock Market Today: Dow ends higher as Treasury yields dive after Fed pauses again

Investing.com -- The Dow ended higher Wednesday following a slump in Treasury yields after the Federal Reserve kept rates steady for second-straight meeting."Recent indicators suggest that economic activity expanded at a strong pace in the third quarter," the Fed said in a statement., which is more sensitive to Fed policy, fell 12.5 basis points to 4.93%, which is the lowest level since September.

The company said it expects to sell $2 billion of graphics processing units used in the development of AI programs that some on Wall Street say should boost its data center business, removing the drag from other businesses including gaming. "his should once and for all remove the overhangs from these businesses and shift the focus to AI where it has a unique, rapidly growing, and large AI opportunity that should start to really hit in 2024/2025," UBS said in a note, though cut its price target on the stock to $135 from $145.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.

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